Yahoo Forecast Sales That Trail Some Analyst Estimates
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Yahoo! Inc. forecast first-quarter sales that fell short of some analysts’ estimates as Chief Executive Officer Marissa Mayer struggles to turn user growth at the Web portal into advertising dollars.
Sales, excluding revenue passed to partner sites, will be $1.06 billion to $1.1 billion in the current quarter, the Sunnyvale, California-based company said today in a statement. Analysts on average were projecting revenue of $1.09 billion, according to data compiled by Bloomberg.